Center Capital Enters Aircraft Financing

Webster Bank’s Center Capital of Waterbury, Conn., has formed a general aviation finance division headquartered in Dallas. The new division’s target market initially is new and pre-owned helicopters and airplanes, as well as maintenance projects, valued at under $2 million. Charles McGuire, v-p and general manager of the division, told AIN that there are no restrictions with reference to aircraft age or noise stage. Leasing and fractional share financing, as well as an increase in the value of transactions, is planned, according to McGuire.